The Real Deal Miami

Airbnb raises $1.5B at whopping $25.5B valuation

Home-rental company now worth more than Marriott, Starwood

June 27, 2015 11:30AM

Airbnb co-founders Nathan Blecharczyk, Joe Gebbia and Brian Chesky

From the New York website: Airbnb just raised $1.5 billion in one of the biggest private-funding rounds ever. The funding values the short-term rental service at an incredible $25.5 billion — more than Marriott or Starwood.

Private-equity firm General Atlantic, Chinese firm Hillhouse Capital Group and investment firm Tiger Global Management, led the funding, buying about a third of the offered shares, according to the Wall Street Journal.

Airbnb’s revenue is expected to surpass $900 million this year – a big jump over the $250 million in revenue it reported in 2013. The company, which is facing regulatory challenges in New York, is projected to reach $10 billion in earnings in 2020, according to the Journal.